Licentiate Examination - IC 14 - Regulation of Insurance Business Exam - Important Points
Page 46 Of 55
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Married Women?s Property Act 1874 (MWP Act)
- Section 6 provides for security of benefits under a life insurance policy to the wife and children.
Section 6 of the Married Womens Property Act, 1874 also provides for creation of a Trust
Beneficiaries under Section 6 of MWP Act - Wife alone, Wife and one or more children jointly, One or more children
The policy under MWP Act shall be beyond the control of court attachments, creditors and even the life assured.
The claim money shall be paid to the trustees under MWP Act 1874
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IC 14 - Regulation of Insurance Business
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